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13. Waiver. Failure by a Party to insist upon the strict performance of any of <br />the provisions of this Agreement by the other Party, irrespective of the length of time for <br />which such failure continues, shall not constitute a waiver of such Party's right to <br />demand strict compliance by such other Party in the future. No waiver by a Party of a <br />Default shall be effective or binding upon such Party unless made in writing by such <br />Party, and no such waiver shall be implied from any omission by a Party to take any <br />action with respect to such Default. No express written waiver of any Default shall affect <br />any other Default, or cover any other period of time, other than any Default and/or <br />period of time specified in such express waiver. <br />14. Attorneys' Fees. If a Party brings an action or proceeding (including, <br />without limitation, any cross-complaint, counterclaim, or third -party claim) against <br />another Party by reason of a Default, or otherwise to enforce rights or obligations arising <br />out of this Agreement, the prevailing Party in such action or proceeding shall be entitled <br />to recover from the other Party its costs and expenses of such action or proceeding, <br />including reasonable attorneys' fees and costs, and costs of such action or proceeding, <br />which shall be payable whether such action or proceeding is prosecuted to judgment. <br />"Prevailing Party" within the meaning of this Section 14 shall include, without limitation, <br />a Party who dismisses an action for recovery hereunder in exchange for payment of the <br />sums allegedly due, performance of the covenants allegedly breached, or consideration <br />substantially equal to the relief sought in the action. <br />15. Limitations on Actions. The City and Owner hereby renounce the <br />existence of any third party beneficiary of this Agreement and agree that nothing <br />contained herein shall be construed as giving any other person or entity third party <br />beneficiary status. If any action or proceeding is instituted by any third party challenging <br />the validity of any provisions of this Agreement, or any action or decision taken or made <br />hereunder, the Parties shall cooperate in defending such action or proceeding. <br />16. Owner's Right of Termination; Indemnity. If any court action or proceeding <br />is brought by any third party to challenge the EIR, the Project Approvals and/or the <br />Project, or any portion thereof, and without regard to whether Owner is a party to or real <br />party in interest in such action or proceeding, or this Agreement is the subject of a <br />referendum petition submitted to the City, then Owner shall have the right to terminate <br />this Agreement upon thirty (30) days' notice in writing to City, given at any time during <br />the pendency of such action, proceeding, or referendum, or within ninety (90) days after <br />the final determination therein (including any appeals), irrespective of the nature of such <br />final determination, provided that, either: (a) in the notice to the City, Owner requests <br />City in writing to rescind the Project Approvals, including the Public Benefit Bonus; or (b) <br />City has approved alternative public benefits in consideration for the Public Benefit <br />Bonus. If Owner elects not to terminate this Agreement, any such action, proceeding, or <br />referendum shall constitute a permitted delay under Section 10.1 of this Agreement. <br />Owner shall pay the City's cost and expense, including attorneys' fees and staff time <br />incurred by the City in defending any such action or participating in the defense of such <br />action, including any court action or proceeding involving a referendum petition <br />regarding this Agreement, and shall indemnify the City from any award of attorneys' <br />fees awarded to the party challenging this Agreement, the Project Approvals or any <br />17 <br />1677\0.5\196013448 <br />1/17/2017 <br />PAGE 277 <br />